Dependence on imported oil
Incidence
The Group of Seven was founded to deal with the economic fallout and currency devaluation set off by the 1973 oil price shock.
In 1996 the USA was more reliant on oil imports than at any time since 1977. Almost half of its daily oil consumption of 18 million barrels is imported.
Claim
Instead of taking advantage of the opportunities to slowly intensify conservation measures during the 1990s, countries (notably the USA) have locked themselves backed into excessive consumption patterns and wasteful infrastructure that will make them more, not less, dependent on imported oil by the year 2010.
Broader
Aggravated by
Strategy
SDG
Metadata
Database
World problems
Type
(E) Emanations of other problems
Biological classification
N/A
Subject
Content quality
Unpresentable
Language
English
1A4N
J2825
DOCID
12028250
D7NID
148302
Last update
Feb 23, 2022